Bitcoin Intraday Trading Plan


๐Ÿ”ด Short Position
ยท Entry: From resistance zone 76,600 โ€“ 76,800 (near EMA25 and visible highs). It is recommended to wait for a bearish reversal candle (such as a shooting star or bearish engulfing on the 15-minute chart).
ยท Stop Loss: Above 77,200 (above the recent high of 77,451, leaving a safety margin).
ยท Profit Targets:
ยท First target: 76,000
ยท Second target: 75,600 (near the previous low).
๐ŸŸข Long Position
Given the overall downtrend, caution is advised when buying:
ยท Entry: Break above 76,600 with a clear 15-minute close and high volume, or bounce from support at 75,800 โ€“ 76,000, provided a strong bullish candle appears.
ยท Stop Loss: Below the broken support level or under 75,400.
ยท Profit Targets:
ยท First target: 77,000
ยท Second target: 77,450 (todayโ€™s high).
Additional Recommendations:
ยท Currently, the market is in a signal crossover zone (stochastic overbought, and MACD has a positive crossover), so itโ€™s best to wait for clear confirmation before entering.
ยท Trade size should be small due to high volatility.
ยท If the price breaks below 75,600 without bouncing, the buy trade is invalid, and you should switch to a sell on any retest of minor resistance. $BTC
BTC0.5%
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